Aspiration co-founder gets 14 years in prison
Key takeaways
- Each count carried a maximum of 20 years in prison.
- Federal prosecutors sought a prison sentence of 212 months -- nearly 18 years -- while Sanberg's lead attorney, Marc Mukasey, argued that a prison sentence would be "too severe."
- Wilson, who has been a federal judge since 1985, disagreed.
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LOS ANGELES -- A federal judge sentenced Aspiration co-founder Joseph Sanberg, whose now-bankrupt green banking company is at the center of an NBA investigation into the LA Clippers, to 14 years in federal prison on Monday.
Sanberg previously pleaded guilty to two counts of wire fraud after prosecutors said he defrauded investors and lenders out of $248 million by fraudulently obtaining loans, falsifying bank and brokerage statements, and concealing that he was the source of some revenue booked by the company. Each count carried a maximum of 20 years in prison.
Federal prosecutors sought a prison sentence of 212 months -- nearly 18 years -- while Sanberg's lead attorney, Marc Mukasey, argued that a prison sentence would be "too severe."